It means that only in 1 country of the world it is easier to do business, than in Singapore. But in all 188 other countries of the world business formalities are considered as less favorable, comparing to Singapore. And so much more to be done.

For more details and updates, please check World Bank Group – Doing Business website: www.doingbusiness.org

Australia: briefly about Doing Business 2018
Cambodia: briefly about Doing Business 2018
Indonesia: briefly about Doing Business 2018